Marketers tend to spend most of their time, money, and resources driving clicks and traffic to their websites, thinking it’s the endgame. But here’s the thing: Generating interest is just the initial phase of search engine optimization (SEO) and digital marketing. The real challenge is converting those clicks and traffic into profits. This is where conversion rate optimization comes in.
What is CRO and how does it impact your business marketing efforts? Conversion rate optimization, also known as CRO or conversion optimization, is the systematic process of testing and optimizing your website elements, including call to action (CTA) buttons, content, and website design, to increase the percentage of site visitors who complete the desired goal.
What is conversion optimization and what does it mean? In defining this concept, marketers often use purchases as a measure of success. CRO goals and metrics, however, differ per brand. Depending on your marketing needs and objectives, there are multiple CRO SEO goals you can set for your business, including:
What is conversion rate optimization if you’re not mastering best practices to make your CRO marketing goals actionable and measurable? Decide what you want to achieve with your CRO website, understand your audience demands and launch growth-driven conversion marketing campaigns to compel more people to take your desired action.
Additionally, as you focus on improving conversion rates, it is imperative that you dig through various CRO metrics that impact your optimization efforts and CRO SEO results.
You’ve successfully gained your customers’ interest. What’s next? Convincing prospects to purchase your product or take your desired action isn’t exactly easy.
Research shows around two-thirds — or approximately 68 percent of businesses — still don’t have a structured website conversion optimization strategy in place. What’s more, Econsultancy’s annual Conversion Rate Optimization Report revealed that brands spend only $1 on website conversion rate optimization for every $92 spent on customer acquisition.
These numbers reveal a huge gap between the amount companies spend on driving traffic and the amount spent turning that traffic into website conversions.
If you don’t capitalize on website conversion optimization, you miss out on a lucrative opportunity to gather valuable data, maximize your website’s full potential and improve conversion rate.
On the other hand, investing in CRO services allows you to: